Proposed 2017 Operating Budget
- The proposed budget is the City’s Operating Budget. The Capital Budget addresses infrastructure needs, including streets. Therefore, street paving is not included in this Operating Budget.
- However, because materials/supplies ARE components of the Operating Budget, there is $500,000 in the proposed budget for the Mill and Fill residential street repair program. SPECIAL NOTE: Due to lower asphalt costs this year, this amount will generate the same tonnage as last year’s program!
- We made one significant change in this year’s budget. The 2017 Operating Budget now reflects the City’s transactions related to the Toledo-Lucas County Health Department that previously have not been included. This change in accounting to provide more transparency, adds $2.25 million to both the City’s revenue and expenses.
- When this $2.25 million is subtracted, it is clear that the City’s Operating Budget has only increased by 0.6% or $1.5 million.
- Based on our contractual obligations, total actual personnel costs for 2017 are budgeted at about $169 million, a 1.65% overall labor increase from 2016. (Includes medical, pension, stipend, overtime, etc.)
- Once again, when Health Department costs are excluded, the proposed budget for services actually reflects a decrease of 2.9% compared to the 2016 budget.
- The Operating Budget projects a transfer from the CIP to the General Fund of $11.5 M, slightly up from the expected $11.1 million in 2016, which is yet to be determined. Remember these are estimates. In 2015 for example, we budgeted a transfer amount of $11 million and transferred just $9.5 million.
- Our financial projections estimate that $2 million more will be available in the CIP budget than in 2016.